Bitcoin services firm Fold may use a reverse stock split to address Nasdaq compliance after its share price fell below $1, but its shrinking Bitcoin reserve raises concerns about funding operations, with a $15.6 million operating loss in the first half of 2026.
BlackRock announced a one-for-three reverse split for its iShares Ethereum Trust ETF (ETHA) to lift its nominal share price and potentially reduce trading spreads, as Ethereum's price declines weigh on the fund.
American Bitcoin's strategy shows a growing Bitcoin treasury (8,000 BTC) but a declining share price, exacerbated by a 1-for-15 reverse stock split aimed at meeting Nasdaq requirements. The company relies on mining for BTC acquisition, but faces significant net losses and negative EBITDA, raising questions about its valuation despite reserve growth.
American Bitcoin Corp., co-founded by Eric Trump, has seen its shares plummet over 95% from their peak, erasing over $600 million from his stake. The company underwent a 1-for-15 reverse stock split to maintain its Nasdaq listing, hitting an all-time low stock price. This downturn highlights a shift in investor preference from pure crypto mining to companies repurposing infrastructure for AI data centers.
